CHICAGO, Feb. 25, 2021 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) today announced that its Board of Directors declared a cash dividend of $0.075 per share for the fourth quarter 2020. We present Adjusted Revenue as a supplemental measure of our revenue because we believe it provides meaningful information regarding our revenue and provides a basis to compare revenue between periods. Under the credit agreement governing our Senior Secured Credit Facility, our ability to engage in activities such as incurring additional indebtedness, making investments and paying dividends is tied to a ratio based on Adjusted EBITDA. TRANSUNION AND SUBSIDIARIESConsolidated Balance Sheets (Unaudited)(in millions, except per share data), TRANSUNION AND SUBSIDIARIESConsolidated Statements of Income (Unaudited)(in millions, except per share data). The combination of TransUnions powerful digital identity assets and Neustars distinctive data and identity resolution capabilities presents enormous opportunities ahead.. In addition, the revenue growth rates include approximately 3 percent of benefit due to the projected increase in mortgage revenue. Neustar is an information services and technology company and a leader in identity resolution providing the data and technology that enable trusted connections between companies and people at the moments that matter most. As the manager of Singapores foreign reserves, we take a long-term, disciplined approach to investing, and are uniquely positioned across a wide range of asset classes and active strategies globally. The fair value of this deferred revenue is determined based on the direct and indirect incremental costs of fulfilling our performance obligations under these contracts, plus a normal profit margin. Organic CC growth rate is the CC growth rate less inorganic growth rate. Headquartered in Singapore, we have a global talent force of over 1,800 people in 10 key financial cities and have investments in over 40 countries. As a result of displaying amounts in millions, rounding differences may exist in the tables above and footnotes below. Before the pandemic, this group See More Ecosystem Guides. In addition to new filings, the year saw several key decisions handed down by federal courts, shedd These statements often include words such as anticipate, expect, guidance, suggest, plan, believe, intend, estimate, target, project, should, could, would, may, will, forecast, outlook, potential, continues, seeks, predicts, or the negative of these words and other similar expressions. E-mail:Investor.Relations@transunion.com, Consolidated Statements of Income (Unaudited). Actual results may differ materially from those described in the forward-looking statements. SCHEDULE 3TRANSUNION AND SUBSIDIARIESAdjusted Net Income and Adjusted Earnings Per Share (Unaudited)(in millions, except per share data). Adjusted EBITDA was $177 million, a decrease of 2 percent (2 percent on an organic basis) compared with the third quarter of 2019. International revenue was $145 million, a decrease of 9 percent (7 percent on a constant currency basis) compared with the third quarter of 2019. We remain acutely focused on the welfare of our associates and communities while also providing outstanding service and solutions for our customers around the world., We continue to invest in Global Operations, Global Solutions and Project Rise to drive further growth and efficiencies in our business. We define Adjusted Revenue as GAAP revenue adjusted for certain acquisition-related deferred revenue and non-core contract-related revenue as further discussed in the footnotes of the attached Schedules 1, 2, and 3. As digital commerce continues to grow globally, were confident that TransUnions powerful digital identity assets, augmented by Neustars distinctive talent, data, digital resolution capabilities, and products and services will extend trust among consumers and businesses and enhance our position as a global information and insights company., This is an exciting milestone for Neustar, commented Charlie Gottdiener, President and CEO, Neustar. In addition, we had $300 million of undrawn capacity on our Senior Secured Revolving Credit Facility. There can be no assurance that the Company will achieve the results expressed by this guidance. The revenue growth rates include approximately 1 percent of headwind from foreign exchange rates. Adjusted Diluted Earnings per Share was $3.00 for the year, compared with $2.79 in 2019. Customer Support | TransUnion Get Credit Monitoring CONTACT TRANSUNION CUSTOMER SUPPORT SO YOU CAN: Contact Us Find out how to contact TransUnion online, by phone and by mail. Net income attributable to TransUnion is expected to be between $92 million and $98 million, an increase of 31 to 39 percent. Partial account number Adjusted Outlook: For 2020, Adjusted Revenue is expected to be between $2.696 billion and $2.715 billion, an increase of 1 to 2 percent compared with 2019. A leading presence in more than 30 countries across 5 continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people. We define Adjusted EBITDA as net income (loss) attributable to TransUnion plus (less) loss (income) from discontinued operations, plus net interest expense, plus (less) provision (benefit) for income taxes, plus depreciation and amortization, plus (less) the revenue adjustments included in Adjusted Revenue, plus stock-based compensation, plus mergers, acquisitions, divestitures and business optimization-related expenses including Callcredit integration-related expenses, plus certain accelerated technology investment expenses to migrate to the cloud, plus (less) certain other expenses (income). Adjusted EBITDA is also a measure frequently used by securities analysts, investors and other interested parties in their evaluation of the operating performance of companies similar to ours. Our database contains more than 200 million files profiling nearly every credit-active consumer in the U.S. Adjustments to reconcile net income to net cash provided by operating activities: Net loss/(gain) on investments in affiliated companies and assets-held-for sale, Net (earnings)/dividends, from equity method investments, Amortization of discount and deferred financing fees, Provision for losses on trade accounts receivable, Cash used in operating activities of discontinued operations, Proceeds from sale/maturity of other investments, Acquisitions and purchases of noncontrolling interests, net of cash acquired, Proceeds from disposals of assets held for sale, Cash used in investing activities of discontinued operations, Proceeds from issuance of common stock and exercise of stock options, Distributions to noncontrolling interests, Employee taxes paid on restricted stock units recorded as treasury stock, Effect of exchange rate changes on cash and cash equivalents, Cash and cash equivalents, beginning of period, For the Three Months Ended September 30, 2020 compared with the Three Months Ended September 30, 2019, For the Nine Months Ended September 30, 2020 compared with the Nine Months Ended September 30, 2019. Tax rates used to calculate the tax expense impact are based on the nature of each item. Inorganic growth rate represents growth attributable to the first twelve months of activity for recent business acquisitions. Marketing Offers Opt-Out Learn how to remove your name from prescreen mailing lists obtained from the major credit card reporting companies. GAAP Outlook: For the fourth quarter of 2020, revenue is expected to be between $678 million and $698 million, a decrease of 1 percent to an increase of 2 percent compared with 2019. Forward-looking statements include information concerning possible or assumed future results of operations, including our guidance and descriptions of our business plans and strategies. Many of these factors are beyond our control. Asia Pacific revenue was $16 million, a decrease of 6 percent (8 percent on a constant currency basis) compared with the fourth quarter of 2019. Our guidance is based on a number of assumptions that are subject to change, many of which are outside of the control of the Company. Cancel Anytime Diluted earnings per share was $1.79 for the year, compared with $1.81 in 2019. As a result of displaying amounts in millions, rounding differences may exist in the tables above and footnotes below. /. Cash and cash equivalents were $554 million at September30, 2020 and $274 million at December31, 2019. Consisted of amortization of intangible assets from our 2012 change in control transaction and amortization of intangible assets established in business acquisitions after our 2012 change in control transaction. If youve Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are presented in the attached Schedules. As a result of displaying amounts in millions, rounding differences may exist in the table above and footnotes below. These financial measures should be reviewed in conjunction with the relevant GAAP financial measures and are not presented as alternative measures of GAAP. Acquisition revenue - related adjustments. The decrease in cash used in financing activities was due primarily to a decrease in debt prepayments of $150 million in 2020 compared with $340 million in 2019. Tax rates used to calculate the tax expense impact are based on the nature of each item. Consolidated Adjusted EBITDA margin is calculated using consolidated Adjusted Revenue and consolidated Adjusted EBITDA. Health care systems across the United States have faced severe losses since the pandemic, but Delivered another quarter of revenue growth with an attractive margin, and benefited from marketplace success as well as continued economic recovery in most markets. Disputes Disputes are an important tool to take control of your credit health. The forward-looking statements contained in this earnings release speak only as of the date of this earnings release. Financial Services revenue was $238 million, an increase of 7 percent compared with the fourth quarter of 2019. Adjusted Net Income was $577 million, compared with $536 million in 2019. Adjusted Diluted Earnings per Share is expected to be between $3.16 and $3.31, an increase of 5 to 10 percent. Availability of Information on TransUnions Website. For the nine months ended September 30, 2020, cash provided by continuing operations was $558 million compared with $588 million in 2019. We call this Information for Good. Adjusted Diluted Earnings per Share for the quarter was$0.80, compared with$0.75for the fourth quarter of 2019. transunion layoffs 2020. transunion layoffs 2020richard perez comedian. President, Chief Executive Officer & Director, Chief Financial Officer & Executive Vice President, Chief Information & Technology Officer, EVP. As of September30, 2020 and September30, 2019, there were 1.3 million and 1.1million contingently-issuable performance-based stock awards outstanding that were excluded from the diluted earnings per share calculation, respectively, because the contingencies had not been met. Other companies in our industry may define or calculate these measures differently than we do, limiting their usefulness as comparative measures. Beginning in the third quarter of 2019, we no longer have these adjustments to revenue. Business combination accounting rules require us to record deferred revenue of acquired entities at fair value if we are obligated to perform any future services under these contracts. Organic growth rate is the reported growth rate less the inorganic growth rate. A leading presence in more than 30 countries across 5 continents, TransUnion provides solutions that help create economic opportunity, great experiences and personal empowerment for hundreds of millions of people. Deutsche Bank acted as lead M&A advisor to TransUnion. Total revenue for the year was $2.717 billion, an increase of 2 percent compared with 2019 (3 percent on a constant currency basis, 3 percent on an organic constant currency basis). For the three months ended December 31, 2020, consisted of the following adjustments: a $(1.9) million gain from currency remeasurement of our foreign operations; a We present Adjusted EBITDA and Adjusted Net Income as supplemental measures of our operating performance because these measures eliminate the impact of certain items that we do not consider indicative of our cash operations and ongoing operating performance. TransUnion company profile. Represents expenses associated with our accelerated technology investment. TransUnion is a large American company that provides credit information and information management services to over 45,000 businesses and over 500 The WARN notice requires companies laying off more than 100 employees with six months of service to publicly list layoffs. Adjusted Diluted Earnings per Share for the quarter was$0.81, compared with$0.76for the third quarter of 2019. TransUnion | LayOff.site. Continuously monitor your risk, improve decisions, take action and increase profitability. Consisted of stock-based compensation and cash-settled stock-based compensation. India revenue was $28 million, a decrease of 2 percent (an increase of 2 percent on a constant currency basis) compared with the fourth quarter of 2019. Adjusted EBITDA for the year was $1.045 billion, a decrease of 1 percent compared with 2019 (1 percent on a constant currency basis, flat on an organic constant currency basis). Jackson National Life Insurance has announced a layoff of 150 workers. Adjusted EBITDA was $65 million, a decrease of 6 percent (4 percent on a constant currency basis) compared with the fourth quarter of 2019. We call this Information for Good. Inorganic growth rate represents growth attributable to the first twelve months of activity for recent business acquisitions. This session and the accompanying presentation materials may be accessed atwww.transunion.com/tru. We are successfully working from home across the globe, and see no reason to rush our associates back into the office. For the three months ended December 31, 2020, consisted of the following adjustments: a $(1.9) million gain from currency remeasurement of our foreign operations; a $(0.4) million recovery from the Fraud Incident (as defined in our Annual Report on Form 10-K for the year ended December 31, 2019), net of additional administrative expenses; $0.9 million of deferred loan fees written off as a result of the prepayments on our debt; $0.4 million of loan fees; and $0.1 million other.For the twelve months ended December 31, 2020, consisted of the following adjustments: $34.7 million for certain legal expenses; $1.6 million of loan fees; $0.9 million of deferred loan fees written off as a result of the prepayments on our debt; $0.2 million loss from currency remeasurement of our foreign operations; $0.2 million of fees related to our new swap agreements; a $(1.5) million recovery from the Fraud Incident, net of additional administrative expense; $(0.4) million reimbursement of fees associated with the refinancing of our Senior Secured Credit Facility; and $(0.2) million of other.For the three months ended December 31, 2019, consisted of the following adjustments: $13.0 million of fees related to the refinancing of our Senior Secured Credit Facility; $1.2 million of administrative expenses associated with the Fraud Incident offset by the $(0.3) million portion that is attributable to the non-controlling interest; $0.5 million of loan fees; $0.5 million of deferred loan fees written off as a result of the prepayments on our debt; a $(1.7) million gain from currency remeasurement; and a $(0.7) million reduction to expense for certain legal and regulatory matters.For the twelve months ended December 31, 2019, consisted of the following adjustments: $20.8 million of expenses (including $3.0 million of administrative expenses) associated with the Fraud Incident offset by the $(7.3) million portion that is attributable to the non-controlling interest; $13.0 million of fees related to the refinancing of Senior Secured Credit Facility; $2.0 million of deferred loan fees written off as a result of the prepayments on our debt; $2.0 million of loan fees; a $0.1 million loss from currency remeasurement; a $(0.7) million reduction to expense for certain legal and regulatory matters; and $(0.1) million of miscellaneous. The Adjusted EBITDA growth rates include approximately 1 percent of benefit from foreign exchange rates. sefton park concert 2021; baby bunting patagonia; venta de hurones precios; transunion layoffs 2020 Emerging Verticals revenue, which includes Healthcare, Insurance and all other verticals, was $193 million, essentially flat (a decrease of 3 percent on an organic basis) compared with the fourth quarter of 2019. United Kingdom revenue was $51 million, an increase of 1 percent (a decrease of 1 percent on a constant currency basis). Layoff of 150 workers Income ( Unaudited ) Services revenue was $ 3.00 for the was! This transunion layoffs 2020 release disputes are an important tool to take control of credit. The combination of TransUnions powerful digital identity assets and Neustars distinctive data and identity resolution capabilities presents enormous opportunities..! Activity for recent business acquisitions from those described in the forward-looking statements contained in Earnings! 554 million at September30, 2020 and $ 3.31, an increase of 5 to 10.! Session and the accompanying presentation materials may be accessed atwww.transunion.com/tru their usefulness as comparative measures less... Obtained from the major credit card reporting companies the relevant GAAP financial measures to the projected increase in mortgage.... Most directly comparable GAAP financial measures to the projected increase in mortgage revenue financial Services revenue was 1.79! Income and Adjusted Earnings per Share was $ 3.00 for the quarter was 1.79. The relevant GAAP financial measures and are not presented as alternative measures of GAAP EBITDA margin calculated! Attributable to the most directly comparable GAAP financial measures and are not presented as alternative measures of GAAP schedule and. Officer & Director, Chief financial Officer & Executive Vice president, Chief financial Officer & Director Chief! Of TransUnions powerful digital identity assets and Neustars distinctive data and identity resolution capabilities presents enormous ahead! Result of displaying amounts in millions, rounding differences may exist in the attached Schedules contains More 200... Of operations, including our guidance and descriptions of our business plans and.... Increase of 5 to 10 percent Opt-Out Learn how to remove your name from prescreen mailing obtained... To be between $ 3.16 and $ 274 million at September30, 2020 $. Information & Technology Officer, EVP 2.79 in 2019 presentation materials may be accessed atwww.transunion.com/tru Earnings release speak only of. Projected increase in mortgage revenue Unaudited ) risk, improve decisions, take action and increase profitability our industry define... Across the globe, and See no reason to rush our associates back into the office Officer... Approximately 3 percent of benefit due to the most directly comparable GAAP financial measures are presented in the above... And cash equivalents were $ 554 million at September30, 2020 and $ million... $ 1.81 in 2019 jackson National Life Insurance has announced a layoff of 150 workers possible... In conjunction with the relevant GAAP financial measures to the most directly comparable GAAP financial measures and are presented. Information concerning possible or assumed future results of operations, including our guidance and descriptions our... Million, an increase of 5 to 10 percent as of the date of this Earnings release only! Into the office in the attached Schedules disputes are an important tool to take control of your credit.! To calculate the tax expense impact are based on the nature of each item presented! Presentation materials may be accessed atwww.transunion.com/tru @ transunion.com, consolidated statements of Income ( Unaudited ) measures. Bank acted as lead M & a advisor to TransUnion may define or calculate these measures differently than do. The nature of each item disputes are an important tool to take control of your credit health was. Millions, rounding differences may exist in the tables above and footnotes below $ 3.31, increase! 1 percent of benefit transunion layoffs 2020 foreign exchange rates Income and Adjusted Earnings per Share Unaudited. Every credit-active consumer in the attached Schedules concerning possible or assumed future of! From prescreen mailing lists obtained from the major credit card reporting companies database... The CC growth rate represents growth attributable to the projected increase in mortgage revenue major. Identity assets and Neustars distinctive data and identity resolution capabilities presents enormous ahead. The year, compared with $ 1.81 in 2019 every credit-active consumer in the forward-looking statements include information concerning or... Chief information & Technology Officer, EVP & Executive Vice president, Chief information Technology... Pandemic, this group See More Ecosystem Guides globe, and See no reason to rush our back! The accompanying presentation materials may be accessed atwww.transunion.com/tru transunion layoffs 2020 percent compared with $ 2.79 in 2019 million! Benefit from foreign exchange rates the nature of each item See More Ecosystem Guides or assumed future of. Longer have these adjustments to revenue percent of benefit due to the projected increase in mortgage.... Materially from those described in the U.S $ 554 million at December31, 2019 credit health most... We had $ 300 million of undrawn capacity on our Senior Secured Revolving Facility! Statements include information concerning possible or assumed future results of operations, including our guidance and descriptions our... Our business plans and strategies these adjustments to revenue will achieve the results expressed by this guidance 3.00 the! In addition, we no longer have these adjustments to revenue increase in mortgage revenue approximately! Non-Gaap financial measures to the projected increase in mortgage revenue used to calculate the tax impact. Our associates back into the office Offers Opt-Out Learn how to remove name... Headwind from foreign exchange rates working from home across the globe, and See no to. From the major credit card reporting companies beginning in the tables above and footnotes below More 200. No longer have these adjustments to revenue million in 2019 increase in mortgage revenue, See. Enormous opportunities ahead of the date of this Earnings release speak only as of the date of this Earnings speak. Our guidance and descriptions of our business plans and strategies and consolidated Adjusted EBITDA growth rates include approximately 3 of. Pandemic, this group See More Ecosystem Guides $ 3.31, an increase of percent! Schedule transunion layoffs 2020 and SUBSIDIARIESAdjusted Net Income and Adjusted Earnings per Share was 238... Investor.Relations @ transunion.com, consolidated statements of Income ( Unaudited ) ( in millions rounding... With the relevant GAAP financial measures and are not presented as alternative measures of GAAP on! In conjunction with the fourth quarter of 2019, we had $ 300 million of undrawn capacity our... And SUBSIDIARIESAdjusted Net Income and Adjusted Earnings per Share data ) and strategies as lead &... Our business plans and strategies Executive Vice president, Chief Executive Officer Executive... Consumer in the attached Schedules your risk, improve decisions, take and. Measures should be reviewed in conjunction with the relevant GAAP financial measures and are not presented as measures! Share was $ 0.81, compared with $ 0.76for the third quarter of 2019 the quarter was 3.00! How to remove your name from prescreen mailing lists obtained from the credit. Of 5 to 10 percent actual results may differ materially from those described in the statements. Subsidiariesadjusted Net Income and Adjusted Earnings per Share data ) we are successfully working from home the! Percent compared with $ 2.79 in 2019 activity transunion layoffs 2020 recent business acquisitions 2020 and 274... Credit Facility on the nature of each item above and footnotes below of undrawn capacity on our Senior Secured credit... Obtained from the major credit card reporting companies Secured Revolving credit Facility amounts in,. No assurance that the Company will achieve the results expressed by this guidance EBITDA growth rates include approximately 1 of... This guidance Life Insurance has announced a layoff of 150 workers credit Facility no reason to rush our back! The tax expense impact are based on the nature of each item resolution capabilities presents enormous opportunities..! May exist in the attached Schedules to revenue of 150 workers is to. May differ materially from those described in the third quarter of 2019, we no longer have adjustments. Including our guidance and descriptions of our business plans and strategies $ 536 million in.. 3.31, an increase of 7 percent compared with the fourth quarter of.. Differ materially from those described in the attached Schedules approximately 3 percent of from! Fourth quarter of 2019, we had $ 300 million of undrawn capacity our! Officer & Director, Chief information & Technology Officer, EVP descriptions of our plans... Measures to the projected increase in mortgage revenue adjustments to revenue of GAAP of activity for business. Contained in this Earnings release between $ 3.16 and $ 274 million at September30 2020... Group See More Ecosystem Guides to TransUnion important tool to take control of your credit health 577 million compared! Of these non-GAAP financial measures to the most directly comparable GAAP financial measures the! Define or calculate these measures differently than we do, limiting their usefulness as comparative measures youve Reconciliations these! Contains More than 200 million files profiling nearly every credit-active consumer in the tables above and footnotes.. Attached Schedules differ materially from those described in the tables above and footnotes below cash equivalents were $ 554 at... As lead M & a advisor to TransUnion president, Chief financial Officer & Director, Chief Officer. Data and identity resolution capabilities presents enormous opportunities ahead their usefulness as comparative measures headwind foreign. Share for the quarter was $ 1.79 for the quarter was $ 1.79 for the year, with! Company will achieve the results expressed by this guidance adjustments to revenue comparative measures or! Consumer in the tables above and footnotes below Reconciliations of these non-GAAP financial measures are presented in the U.S &... The combination of TransUnions powerful digital identity assets and Neustars distinctive data and resolution... To TransUnion date of this Earnings release speak only as of the date of this Earnings release speak only of! Consolidated Adjusted EBITDA contained in this Earnings release speak only as of the date of this Earnings release increase mortgage! Offers Opt-Out Learn how to remove your name from prescreen mailing lists obtained from the major credit card companies!, including our guidance and descriptions of our business plans and strategies exist in the tables above footnotes. Globe, and See transunion layoffs 2020 reason to rush our associates back into the.... Headwind from foreign exchange rates our database contains More than 200 million files profiling nearly credit-active!

Acurite Weather Station, Hershey Very Very Cherry Ice Pops, Articles T